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US congress research agency weighs in on UST crash, notes gaps in regulation
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The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg.

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NEAR developers to get seamless Web3 app deployment with Pocket Network
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According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including ...

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This week’s Law Decoded: Is depegging a real threat to financial stability?
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Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more.

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Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K
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Deja-vu for BTC versus market sentiment as conditions mimic the weeks after the March 2020 COVID-19 crash.

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China returns as 2nd top Bitcoin mining hub despite the crypto ban
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China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year.

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RBI warns of crypto ‘dollarization’ of Indian economy
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Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of ...

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El Salvador hosts 32 central banks and 12 other institutions to discuss Bitcoin
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The majority of central banks and financial authorities that featured are from Africa  The continent lags in terms of crypto adoption and use compared to ...

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Twitch co-founder raises $24M for Web3 gaming firm Metatheory
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The funding round led by Web3-focused venture capital firms will be used for upcoming non-fungible tokens (NFTs), comics, and a play-to-earn game slated for ...

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Japan’s largest investment bank Nomura readies new crypto subsidiary
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The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space.

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Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser
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Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps on Ethereum through the Coinbase app.

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Miami and New York City coins tank despite Mayoral endorsements
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“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins.

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Stablecoin supplies and cash reserves in question amid crypto exodus
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The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week.

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